Marks and Spencer Group PLC (OTCMKTS:MAKSY) Sees Large Growth in Short Interest

Marks and Spencer Group PLC (OTCMKTS:MAKSY) saw a significant increase in short interest in January. As of January 15th, there was short interest totaling 97,007 shares, an increase of 19,819.3% from the December 31st total of 487 shares. Based on an average daily trading volume, of 271,908 shares, the short-interest ratio is currently 0.4 days. Currently, 0.0% of the shares of the stock are short sold. Currently, 0.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 271,908 shares, the short-interest ratio is currently 0.4 days.

Marks and Spencer Group Trading Up 1.3%

MAKSY traded up $0.13 during trading on Tuesday, hitting $10.20. 79,295 shares of the stock traded hands, compared to its average volume of 151,773. Marks and Spencer Group has a twelve month low of $8.05 and a twelve month high of $11.51. The company has a quick ratio of 0.46, a current ratio of 0.81 and a debt-to-equity ratio of 1.01. The business has a 50 day moving average price of $9.09 and a 200 day moving average price of $9.48.

Marks and Spencer Group Dividend Announcement

The firm also recently declared a dividend, which was paid on Friday, January 16th. Stockholders of record on Monday, December 1st were issued a dividend of $0.0315 per share. The ex-dividend date of this dividend was Friday, November 28th. This represents a dividend yield of 118.0%.

Wall Street Analyst Weigh In

A number of research firms have commented on MAKSY. Berenberg Bank upgraded Marks and Spencer Group from a “hold” rating to a “buy” rating in a research note on Friday, January 9th. Royal Bank Of Canada lowered Marks and Spencer Group from a “moderate buy” rating to a “hold” rating in a report on Monday, October 20th. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy”.

About Marks and Spencer Group

Marks and Spencer Group plc (OTCMKTS: MAKSY), commonly known as M&S, is a leading British retailer operating a network of full-line stores, food halls and online channels. The company’s retail portfolio spans clothing and home products as well as premium grocery offerings. M&S is recognized for its emphasis on quality, innovation and ethical sourcing across its range of private-label apparel, homeware and prepared foods.

In the apparel and home division, M&S designs and markets women’s, men’s and children’s fashion under core brands such as Autograph, Per Una and Collection, alongside its own bedding, kitchenware and furnishings.